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Categorie archief: make money with buying and selling gold

As you might know gold is the oldest form of legal tender and it is recognized for its value and rarity. Financial markets takes huge swings over time and gold creeps slow up and down. If you are a patience investor you can make money with buying gold. Here below you can find some tips to make money online buying gold.

How to make money with buying gold.

1. First of all you got to understand what makes the gold prices move. The gold prices fall when the economy is doing good. The gold prices soar when the economy is doing bad. When the investors future is uncertain they intend to grasp the enduring value of gold.

2. To get new insights you got to study the history of the gold price. Gold price was valued $250 per ounce back in 1999. When it was 2008 it increased to $1000 per ounce. Throughout the history equal ups and downs were recorded. When you have plans to buy gold you need to know that gold do not fluctuate on daily basis. It takes a steady move upward or downward.

3. It is like stocks so the rule is buy low sell high. This might sound like very plain to understand but it is not that easy. If it was that simple everybody would buy gold. Buy gold when no one wants to buy gold not when everybody is in eager to buy gold.

4. The best is to buy gold when nobody wants it. On high quality gold coins focus the most gold transactions. The price dramatically increases with the gold coins rarity and condition. There are many forms of gold such as scrap gold, gold coins and gold bars are not in good condition. You can buy these forms of gold but most of the customers wants high quality gold. When the gold price is at a high peek the less perfect gold will sell just fine.

5. Keep that gold. Investing in gold is an practice in patience. Collect gold when the economy is good and sell when the economy crashes. It is for certain that the economy eventually crashes from time to time. When the price of gold increase sell your gold and take the profits.

6. The best is to buy gold as a wholesaler and sell as a retailer. When you buy gold buy in bulk to cut expenses. When you buy gold the dealers add tax and shipping depending on the amount. When you sell market your gold to a general public. You can sell your gold for a retail market price and buy against a whole sale price. You can sell your gold at Internet auctions for example.